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Costcutters: Efficiency and productivity in mining. Increasing productivity and cutting wasteful costs could help the mining industry when market conditions are tough. Chris Lo talks to Michael Beare of SRK Consulting to find out what mines could, or should, be doing to maximise their margins.
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How technology can boost productivity in small-scale mining 11 June 2020 The fourth revolution is about much more than technology—it is an opportunity to unite global communities by improving communication and access to information, to build sustainable economies, to adapt and modernize governance models, to reduce material …
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In this article, we explore how new mining management principles can help lead to improvements in productivity, efficiency, safety, and sustainability.
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Companies mining gold were especially hard hit; they lost half their value during the year, producing an average TSR of –51 percent. In addition to high operating costs, these metal producers experienced ongoing difficulties with their major projects. Despite concerns over growing supply and weaker demand, however, the copper …
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The open pit mining load and haul system has been a mainstay of the mining industry for many years. While machines have increased in size and scale and automation has become an important development, there have been few innovations to the actual load and haul process itself in recent times. This research highlights some of the …
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Mineral deposits, especially when scarce or present in large quantities, improve a country's investment attraction internationally. Mining generally requires a large labour force, thus providing many job opportunities, such as in construction at start-up (2–4 years) and in thousands of manual-intensive jobs.
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For example, Barrick Gold's Pueblo Viejo, the largest producer of gold in the Caribbean, wanted to improve the asset health monitoring system of their haul truck fleet to improve maintenance ...
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Underground hard-rock mining accounts for 40 percent of global mining operations but only 12 percent of run-of-mine (ROM) production. 1 Run of mine is ore that is mined and crushed. In this article …
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As discussed in Section 1.1, innovation's main goal in the mining sector was, is and will be about improving productivity. Simply put, mining firms can increase productivity in three ways: (i) by improving efficiencies at existing mining sites, (ii) by opening new sites with a higher yield or (iii) by closing those with a lower yield.
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Productivity in mining operations: Reversing the downward trend. A new metric shows just how far mining productivity has declined. It also points to ways to improve productivity …
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2 Productivity across the global mining sector is starting to improve Exhibit 1 Since 2014, mining productivity has begun to reverse course with a gradual increase. Universal 2018 Productivity performance across the global mining industry Exhibit 1 of 2 MineLens Productivity Index (MPI), inde Source: Company reports and websites; MineLens by …
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Live by your calendar, not your inbox: Organize your calendar first, based on priority and create pockets that align to your optimal state, or the times of day when you feel most focused and ...
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Exhibit 3 Mines that have raised output have had greater success improving productivity. McK on Metals & Mining Productivity at the mine face Exhibit 3 of 3 Net asset value, 1 change 2010 –14 $, indexed to 2010 = 100 For an explanation of the bubble sizes and positioning, see sidebar "A mine-by-mine assessment of productivity moves ...
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Innovations in the mining sector have the potential to address decreasing access to resources, lessen environmental impact, increase production and improve mineral recovery.
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Without a shift in the approach to the current mining strategy, it is estimated that the country's gold and platinum-group metal reserves will be depleted by 2030 and 2035 respectively, placing 200 000 direct jobs (which supports up to two million dependents) at risk if the country is unable to find a way to sustainably and cost …
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A case in point: BCG and Endeavour together built advanced AI and analytics tools to increase the productivity of gold mining processes, especially in blending and milling – ultimately enhancing ...
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Mining companies can consider the following actions in five focus areas as a way to drive sustained, long-term gains in productivity, efficiency, sustainability, and safety. Actions in these five areas have …
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How does technology improve sustainability in mining? ... BRMO recorded nearly double-digit growth in productivity and improved in-shift reporting from less than 50 per cent to a sustained 90 per ...
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The only way to achieve this is to reduce production costs by improving productivity, efficiency and the effectiveness of the equipment. This paper aims to identify the various factors and problems affecting the productivity of underground coal mines adopting the bord and pillar method of mining and to propose suitable measures for …
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In resources there are a few things we know to be true: productivity and efficiency are often talked about interchangeably but they aren't the same thing; mining cycles typically result in disproportionate focus on one or the other – a productivity improvement project or efficiency improvement project – compromising sustainability; and long-term success …
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Communication Daniel Pink: Don't be deceived by the "intelligent" voice of cynicism 5 tips for employee surveys that actually make a difference 4 communication styles and how to navigate them in the workplace 5 ways to foster inclusive communication in the workplace More in Communication Distributed Work New research: better …
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The real gold loss must be traceable if lost during mining operations, but if it cannot be located underground it can only be ascribed as apparent gold loss. It is of vital importance that movement of ore from the source to the mill is understood to reduce ore loss and dilution in order to improve the MCF.
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Gold mining, productivity, and CO 2 emissions. ... The overall technical efficiency of gold mines is low at 55.7 percent, which implies that mining companies can improve output using the same inputs. However, the efficiency further deteriorated when adjusted for the CO2 emissions. The efficiency estimates also show that mines …
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2.2 Measured productivity of mining 20 3 Understanding productivity in mining: natural resource inputs 35 3.1 The input of natural resources 36 3.2 Optimal extraction, depletion of deposits and productivity 40 3.3 Evidence of depletion 43 3.4 Measuring the resource input in productivity estimates 55 3.5 Results 62 4 Understanding productivity ...
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During the calculation of the fleet in Surface Mining, the number of loaders and its productivity must be determined first, whereas, the truck productivity must be calculated based on the productivity of the loaders. The model examined in this paper can help improve the loader per truck match factor.
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What is the way forward? To address the challenge of productivity improvement, miners will need to make moves on two levels: first to achieve short-term gains, and second to set their operations on the right course for higher long-run productivity performance. On the first level, …
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Introduction. Mineral wealth is an important asset that can be used to stimulate or enhance economic growth and spur infrastructure development, including the building of schools, hospitals and road networks.1 Mining has played a substantial role in the development of Ghana, which is second only to South Africa in terms of gold …
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Productivity is improved by increasing the ratio of output to input. In an operating open-pit mine, improving the productivity of heavy mining equipment (HME) enables the unit cost of production ...
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The overall technical efficiency of gold mines is low at 55.7 percent, which implies that mining companies can improve output using the same inputs. However, the …
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Better project management, through the implementation of two key measures, can improve a mine's capital productivity, reports consulting, assurance, tax and transaction services firm Ernst ...
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